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Update 2025-05-20-bluesky-business-model-risk-factors.md
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While I truly did believe that Bluesky was avoiding ads intentionally and thought the most recent post from a few days ago was the first time they changed their position, I did some digging and saw that even back in December 2024, their CEO was suggesting that was not the case. -- [Bluesky CEO says advertising isn’t off the table](https://www.emarketer.com/content/bluesky-ceo-says-advertising-isnt-off-table)
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I also made assumptions about their funding based on the publicly reported seed and Series A round, and totally missed that there was another funding round in the works in January that doesn't seem to have any public details about it other than a [$700 million valuation](https://www.emarketer.com/content/bluesky-seeks-700m-funding-round-and-identity).
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I also made assumptions about their funding based on the publicly reported seed and Series A round, and totally missed that there was another funding round in the works in January 2025 that doesn't seem to have any public details about it other than a [$700 million valuation](https://www.emarketer.com/content/bluesky-seeks-700m-funding-round-and-identity).
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I don't know what to make of all of this, and suppose only time will tell as to how things shape up. More transparency about the funding situation and the specifics of a business model would go a long way towards restoring trust or at least allowing people to make informed choices.

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